AYR · As filed with the SEC
Aircastle income statement, by fiscal year
The statement as Aircastle presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Feb 28, 2026 | FY2024 Year ended Feb 28, 2025 | FY2023 Year ended Feb 29, 2024 | FY2022 Year ended Feb 28, 2023 | FY2021 Year ended Feb 28, 2022 | FY2020 Year ended Feb 28, 2021 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||
| Lease rental revenue | — | — | — | — | — | 611,421 | 777,403 | 722,694 |
| Direct financing and sales-type lease revenue | — | — | — | — | — | 18,215 | 32,295 | 35,132 |
| Lease rental revenue | 759,701 | 652,379 | 603,571 | 586,508 | 595,236 | — | — | — |
| Direct financing and sales-type lease revenue | 20,945 | 21,295 | 16,503 | 9,030 | 10,733 | — | — | — |
| Amortization of lease premiums, discounts and incentives | 280 | (21,682) | (20,420) | (20,574) | (20,190) | (22,842) | (22,636) | (15,269) |
| Maintenance revenue | — | — | — | — | — | — | — | 105,738 |
| Maintenance revenue | — | — | — | — | — | 172,668 | 74,987 | — |
| Other revenue | — | — | — | — | — | 19,290 | 10,357 | — |
| Maintenance revenue | 95,654 | 90,490 | 132,179 | 138,099 | 152,030 | — | — | — |
| Total lease revenue | 876,580 | 742,482 | 731,833 | 713,063 | 737,809 | 779,462 | 862,049 | 848,295 |
| Gain on sale or disposition of flight equipment | 95,889 | 77,191 | 121,646 | 70,860 | 26,001 | 33,536 | 45,532 | 36,766 |
| Other revenue | — | — | — | — | — | — | — | 5,290 |
| Other revenue | 2,650 | 1,302 | 1,937 | 12,110 | 5,977 | — | — | — |
| Total revenues | 975,119 | 820,975 | 855,416 | 796,033 | 769,787 | 832,288 | 917,938 | 890,351 |
| Operating expenses: | ||||||||
| Depreciation | 384,028 | 355,666 | 348,229 | 332,663 | 337,528 | 347,517 | 356,021 | 310,850 |
| Interest, net | 282,139 | 247,923 | 229,050 | 204,606 | 214,352 | 235,338 | 258,070 | 234,504 |
| Selling, general and administrative | 89,483 | 86,416 | 82,127 | 76,857 | 66,338 | 93,671 | 77,034 | 76,025 |
| Provision (benefit) for credit losses | (57) | 8,715 | 12,081 | 1,507 | 930 | — | — | — |
| Impairment of flight equipment | 53,323 | 19,391 | 55,240 | 85,623 | 452,250 | 425,579 | 7,404 | 0 |
| Maintenance and other costs | 17,101 | 16,938 | 29,884 | 22,196 | 31,166 | 20,005 | 24,828 | 8,961 |
| Total operating expenses | 826,017 | 735,049 | 756,611 | 723,452 | 1,102,564 | 1,122,110 | 723,357 | 630,340 |
| Other income (expense): | ||||||||
| Gain (loss) on extinguishment of debt | (2,973) | 285 | 0 | (636) | (14,156) | (2,640) | (7,577) | — |
| Merger expenses | — | — | — | 0 | 0 | (32,605) | — | — |
| Other | 74,120 | 56,247 | 5,571 | 14,092 | 57,682 | (191) | (11,864) | — |
| Total other income | 71,147 | 56,532 | 5,571 | 13,456 | 43,526 | (35,436) | (19,441) | 1,636 |
| Income from continuing operations before income taxes and earnings of unconsolidated equity method investment | 220,249 | 142,458 | 104,376 | 86,037 | (289,251) | (325,258) | 175,140 | 261,647 |
| Income tax provision | 28,863 | 21,948 | 23,265 | 25,466 | (7,998) | 10,236 | 22,667 | 5,642 |
| Earnings of unconsolidated equity method investment, net of tax | 2,662 | 3,103 | 2,205 | 2,188 | 3,044 | 2,326 | 4,102 | (8,086) |
| Net income | 194,048 | 123,613 | 83,316 | 62,759 | (278,209) | (333,168) | 156,575 | 247,919 |
| Net income per share (in dollars per share) | — | — | — | — | — | — | 2.09 | 3.18 |
| Net income per share (in dollars per share) | — | — | — | — | — | — | 2.06 | 3.17 |
| Dividends declared per share (in dollars per share) | — | — | — | — | — | — | 1.22 | 1.14 |
| Derivatives used in Net Investment Hedge, Gain (Loss), Reclassified to Earnings, Net of Tax | — | — | — | — | — | 0 | — | — |
| Preference share dividends | (21,000) | (21,000) | (21,000) | (21,000) | (16,159) | — | — | — |
| Income from continuing operations available to common shareholders — Basic | 173,048 | 102,613 | 62,316 | 41,759 | (294,368) | — | — | — |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | — | — | — | — | 0 | — | — | — |
| Other Comprehensive Income, Other, Net of Tax | — | — | — | — | 0 | 0 | — | — |
| Total comprehensive income | 173,048 | 102,613 | 62,316 | 41,759 | (294,368) | (333,168) | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.